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CFO fired by Hilton Vacations for 'behaviour' is hired by Apollo Company
[NEW YORK] Diamond Resorts, a timeshare company owned by Apollo Global Management LLC, has hired a new chief financial officer who was fired by his last employer for violating company rules.
Diamond, which Apollo took private in 2016 for US$2.2 billion, has hired Jim Mikolaichik, the company said in a statement today. Earlier this year, Apollo confidentially filed to take Diamond public again, according to a person familiar with the plans, who asked not to be named because the plans are private.
Mr Mikolaichik was fired last month by Hilton Grand Vacations Inc "for conduct and behaviour not consistent with the company's policies," the company said at the time. The firing "was not related to any issues involving the company's business, strategy, operations, performance, financial reporting or internal controls," according to an August statement.
Stevi Wara, a spokeswoman for Diamond Resorts, didn't immediately respond to a voice message and email seeking comment. Mr Mikolaichik is replacing outgoing CFO Peter Crage, who is retiring, the statement from Diamond said.
An Apollo representative had no immediate comment.